Business Succession Planning
Business Succession Planning
Business succession planning helps protect the value you have built and smooth the path for transfer or exit. Our services are designed for UK business owners who want discreet, structured planning to preserve business value, support family or third-party transfers, and optimise tax outcomes.
What we do
- •Business succession strategy development and planning
- •Family business transfer planning and structuring
- •Third-party sale preparation and support
- •Business relief planning and inheritance tax optimisation
- •Key person insurance and business protection planning
- •Regular reviews to ensure succession plans remain effective
Who it's for
- •Business owners planning for succession or exit
- •Family business owners considering intergenerational transfer
- •Business partners needing succession planning
- •Entrepreneurs with significant business value to protect
Which is for you?
Business Succession
If you're planning exit/continuity for a company.
FIC Planning
If you're considering a family holding structure.
Common scenarios
Family business succession
Planning to transfer a business to the next generation, balancing family dynamics, tax efficiency, business continuity, and fairness.
Business sale preparation
Structuring, tax planning, and positioning the business for a sale or other exit.
Partner succession
Structured succession when partners are planning retirement or exit, including valuations and business continuity.
How it works
- Discussion of your business, ownership, and succession objectives
- Assessment of current structures, tax position, and key risks
- Development of a succession strategy and implementation plan
- Implementation with legal, tax, and valuation support as needed
- Review and updates as the business and family situation evolve
Knowledge Drops
Key themes UK business owners review when planning continuity, ownership transfer, or eventual exit.
Ownership transition planning
Ownership transition planning maps how shares or control may pass to family members, management, or third parties.
Why it matters: A clear transition framework reduces disruption and supports value protection during change.
Continuity planning
Continuity planning focuses on keeping operations stable if leadership, ownership, or key decision-makers change unexpectedly.
Why it matters: Continuity protects employees, clients, and enterprise value during vulnerable periods.
Frequently asked questions
What is business succession planning?+
It is the process of creating a strategy for transferring business ownership and management, whether to family, partners, or third parties. It covers ownership structures, tax planning, business continuity, and family considerations.
When should I start business succession planning?+
Early planning is recommended, ideally 5–10 years before intended succession or exit. This allows time to implement strategies, secure business relief where relevant, and structure transfers effectively.
What is business relief and how does it help?+
Business relief can provide 50% or 100% relief from inheritance tax on qualifying business assets. The business must meet HMRC criteria and assets must have been owned for at least two years. Professional advice is essential to confirm eligibility.
What if I want to pass my business to family?+
Family succession needs careful planning around family dynamics, tax efficiency, business continuity, and fairness. We help structure transfers that meet your business and family objectives.
What if I want to sell my business?+
Sale preparation involves structuring, tax planning, and positioning the business for value. We help prepare for a successful exit and work with other professionals as needed.
What happens if I don't plan for succession?+
Without planning, you may face higher tax, family disputes, loss of value, and operational disruption. Early planning helps protect value and smooth transitions.
What is key person insurance?+
Key person insurance provides financial protection if a critical person in the business dies or becomes incapacitated. It can help cover losses, fund buyouts, or support the business during transition.
How much does business succession planning cost?+
Costs depend on business complexity and the scope of planning. An initial consultation can clarify what is needed and give an indication of costs for your situation.
Next steps
Explore our tools with calculators and quizzes to help you assess your situation.
Learn more about how we work.
Disclaimer
For UK consumers only. Tardi Group Ltd is not FCA authorised as a firm. Tardi Group Ltd is not authorised or regulated by the FCA. Information is general and not personal advice. Personal recommendations (where applicable) only after full review and signed client agreement. We may work with FCA-regulated advisers where required.